struggling
13th Jan 2009, 06:57
Stop banging on about why airline management is inept and how they are screwing with your career.
Think Big!
Think ESOP
What is an ESOP?
Answer - It is:
A company share trust that offers at least three-quarters of permanent employees of 3 years standing up to 5% of the firm’s voting shares per individual employee in their employer’s company,
Income tax on the value of shares acquired by employees is deferred for up to ten years and the tax on any growth during that is treated as a capital gain (which is 50% than the comparable income tax rate), and
Should employees agree to sacrifice a portion of their salary, bonus, or profit share into an ESOP, their employer can make matching offers. Eg the company can offer 1 free share for every share purchased by the employee and get a tax deduction for every dollar contributed to its Employee Share Ownership Plan. (ESOP) If you as an airline employee want to have a meaningful say in the way your airline is run and help sway the strategic direction it is going and how it deals with its people; talk to your Union about how it can use ESOP to get a result.
Think Big!
Think ESOP
What is an ESOP?
Answer - It is:
A company share trust that offers at least three-quarters of permanent employees of 3 years standing up to 5% of the firm’s voting shares per individual employee in their employer’s company,
Income tax on the value of shares acquired by employees is deferred for up to ten years and the tax on any growth during that is treated as a capital gain (which is 50% than the comparable income tax rate), and
Should employees agree to sacrifice a portion of their salary, bonus, or profit share into an ESOP, their employer can make matching offers. Eg the company can offer 1 free share for every share purchased by the employee and get a tax deduction for every dollar contributed to its Employee Share Ownership Plan. (ESOP) If you as an airline employee want to have a meaningful say in the way your airline is run and help sway the strategic direction it is going and how it deals with its people; talk to your Union about how it can use ESOP to get a result.